BNP Paribas Arbitrage SA Has $2.41 Million Position in Aqua America, Inc. (WTR)
BNP Paribas Arbitrage SA increased its position in shares of Aqua America, Inc. (NYSE:WTR) by 61.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,359 shares of the utilities provider’s stock after buying an additional 27,620 shares during the period. BNP Paribas Arbitrage SA’s holdings in Aqua America were worth $2,410,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Aqua America by 2,818.7% in the first quarter. BlackRock Inc. now owns 15,234,276 shares of the utilities provider’s stock worth $489,782,000 after buying an additional 14,712,330 shares in the last quarter. Vanguard Group Inc. raised its stake in Aqua America by 6.9% in the first quarter. Vanguard Group Inc. now owns 16,930,599 shares of the utilities provider’s stock worth $544,318,000 after buying an additional 1,095,878 shares in the last quarter. Pictet Asset Management Ltd. raised its stake in Aqua America by 21.0% in the second quarter. Pictet Asset Management Ltd. now owns 4,246,581 shares of the utilities provider’s stock worth $138,821,000 after buying an additional 735,706 shares in the last quarter. State Street Corp raised its stake in Aqua America by 4.6% in the first quarter. State Street Corp now owns 11,078,080 shares of the utilities provider’s stock worth $356,166,000 after buying an additional 482,723 shares in the last quarter. Finally, Impax Asset Management LTD raised its stake in Aqua America by 26.4% in the first quarter. Impax Asset Management LTD now owns 1,673,172 shares of the utilities provider’s stock worth $53,792,000 after buying an additional 349,580 shares in the last quarter. 51.04% of the stock is currently owned by institutional investors.
Shares of Aqua America, Inc. (NYSE WTR) opened at 33.43 on Thursday. Aqua America, Inc. has a 12 month low of $28.03 and a 12 month high of $34.41. The stock’s 50 day moving average price is $33.43 and its 200 day moving average price is $32.50. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 25.52 and a beta of 0.52.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS. Equities research analysts predict that Aqua America, Inc. will post $1.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th will be issued a $0.2047 dividend. This is a boost from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, August 14th. This represents a $0.82 annualized dividend and a yield of 2.45%. Aqua America’s dividend payout ratio is 62.60%.
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A number of equities research analysts have issued reports on WTR shares. Northcoast Research started coverage on Aqua America in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research lowered Aqua America from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $32.25.
In other Aqua America news, COO Richard Scott Fox sold 5,750 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total value of $189,117.50. Following the completion of the transaction, the chief operating officer now owns 18,788 shares of the company’s stock, valued at approximately $617,937.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard H. Glanton sold 4,200 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the completion of the transaction, the director now directly owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
About Aqua America
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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